THREON (0453.591.301): financials and annual accounts

THREON

Ghent ·KBO/BCE: BE 0453.591.301

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
Balance sheet: assets
Total assets`20/58`	3.8m	4.1m	4.5m	4.0m	4.2m	3.7m	4.1m	3.7m	3.3m	2.3m	2.2m	1.9m	1.5m	1.2m	825,766	577,829	697,749	906,917	935,128
Fixed assets`21/28`	210,804	334,421	377,174	573,686	647,396	769,322	805,361	517,628	595,835	223,241	105,796	113,080	83,800	26,938	18,839	21,506	27,417	26,241	38,121
Intangible fixed assets`21`	121,978	159,749	155,533	289,653	409,531	641,759	701,335	323,016	412,116	-	-	-	-	-	-	-	-	-	-
Tangible fixed assets`22/27`	87,506	173,352	220,173	275,695	229,527	119,225	95,688	178,604	167,782	212,672	102,097	109,381	80,250	23,389	15,018	17,685	23,867	22,691	34,571
Furniture and vehicles`24`	87,506	173,352	220,173	275,695	229,527	119,225	95,688	178,604	167,782	212,672	102,097	109,381	80,250	23,389	15,018	17,685	23,867	22,691	34,571
Financial fixed assets`28`	1,319	1,319	1,468	8,338	8,338	8,338	8,338	16,007	15,937	10,568	3,698	3,698	3,549	3,549	3,822	3,822	3,549	3,549	3,550
Other financial fixed assets`284/8`	1,319	1,319	1,468	8,338	8,338	8,338	8,338	16,007	-	-	-	-	-	-	-	-	-	-	-
Amounts receivable and cash guarantees`285/8`	1,319	1,319	1,468	8,338	8,338	8,338	8,338	16,007	-	-	-	-	-	-	-	-	-	-	-
Current assets`29/58`	3.6m	3.7m	4.1m	3.5m	3.6m	2.9m	3.3m	3.2m	2.8m	2.1m	2.1m	1.8m	1.4m	1.1m	806,926	556,322	670,332	880,676	897,007
Stocks and contracts in progress`3`	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amounts receivable within one year`40/41`	3.2m	3.0m	3.6m	3.0m	2.7m	2.4m	2.2m	2.7m	2.4m	1.9m	1.7m	1.5m	1.4m	1.1m	787,020	556,227	638,586	787,291	822,505
Trade receivables`40`	3.0m	3.0m	3.6m	2.8m	2.7m	2.4m	2.2m	2.7m	2.4m	1.9m	1.7m	1.5m	1.4m	987,778	597,537	355,200	435,729	774,507	819,992
Other amounts receivable`41`	171,373	76,612	71,961	200,266	51,970	29,973	29,864	4,512	4,399	20,242	1,362	1,207	1,267	96,975	189,483	201,027	202,857	12,784	2,513
Cash at bank and in hand`54/58`	444,461	681,060	466,853	483,666	850,832	495,001	1.0m	533,877	328,231	95,803	430,172	163,515	1,588	39,827	19,767	6	31,746	60,131	40,692
Deferred charges and accrued income`490/1`	-	-	-	-	-	-	951	2,016	624	69,468	-	69,328	477	66	140	89	-	33,255	33,810
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	3.8m	4.1m	4.5m	4.0m	4.2m	3.7m	4.1m	3.7m	3.3m	2.3m	2.2m	1.9m	1.5m	1.2m	825,766	577,829	697,749	906,917	935,128
Equity`10/15`	430,967	346,373	1.2m	1.2m	1.3m	1.0m	859,936	778,907	610,372	497,915	404,955	239,728	214,172	227,504	194,459	98,810	307,998	350,390	383,137
Contributions`10/11`	174,231	174,231	174,231	174,231	174,231	102,851	102,851	102,851	102,851	102,851	102,851	102,851	102,851	102,851	102,851	102,851	102,851	102,851	102,851
Capital`10`	174,231	174,231	174,231	174,231	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Issued capital`100`	174,231	174,231	174,231	174,231	174,231	102,851	102,851	102,851	102,851	102,851	102,851	102,851	102,851	102,851	102,851	102,851	102,851	102,851	102,851
Reserves`13`	17,423	17,423	17,423	17,423	17,423	10,285	10,285	10,285	10,285	10,285	10,285	10,285	10,285	10,285	10,285	10,285	10,285	10,285	10,285
Non-distributable reserves`130/1`	17,423	17,423	17,423	17,423	17,423	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Legal reserve`130`	17,423	17,423	17,423	17,423	17,423	10,285	10,285	10,285	10,285	10,285	10,285	10,285	10,285	10,285	10,285	10,285	10,285	10,285	10,285
Profit (loss) carried forward`14`	239,313	154,719	993,746	1.0m	1.1m	927,536	746,800	665,770	497,236	384,779	291,819	126,592	101,036	114,368	81,323	-14,326	194,862	237,254	270,001
Amounts payable`17/49`	3.4m	3.7m	3.3m	2.8m	2.9m	2.7m	3.2m	3.0m	2.7m	1.8m	1.8m	1.6m	1.3m	924,081	631,306	479,019	389,751	556,527	551,991
Amounts payable after more than one year`17`	-	0	39,301	0	115,760	102,607	-	-	13,688	54,214	-	-	-	-	-	-	-	28,687	-
Financial debts`170/4`	-	0	39,301	0	115,760	102,607	-	-	13,688	54,214	-	-	-	-	-	-	-	28,687	-
Credit institutions`173`	-	0	39,301	0	115,760	102,607	-	-	-	-	-	-	-	-	-	-	-	-	-
Amounts payable within one year`42/48`	3.4m	3.7m	3.3m	2.8m	2.8m	2.5m	3.2m	2.9m	2.7m	1.7m	1.8m	1.6m	1.3m	904,430	605,906	417,834	385,351	527,840	551,991
Current portion of amounts payable after more than one year`42`	-	1.5m	762,763	965,347	396,014	443,185	-	326,228	242,654	215,650	-	-	-	-	-	36,943	28,687	82,936	-
Financial debts`43`	1.4m	-	-	0	606,870	806,870	1.5m	806,870	706,870	506,870	125,000	125,000	39,604	-	-	-	-	-	-
Credit institutions`430/8`	1.4m	-	-	0	606,870	806,870	1.5m	806,870	706,870	506,870	125,000	125,000	39,604	-	-	-	-	-	-
Other loans`439`	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Trade debts`44`	1.6m	1.4m	1.7m	1.1m	991,561	723,427	1.2m	984,225	881,422	612,320	841,733	856,610	730,611	662,882	417,287	275,599	318,850	316,234	416,138
Suppliers`440/4`	1.6m	1.4m	1.7m	1.1m	991,561	723,427	1.2m	984,225	881,422	612,320	841,733	856,610	730,611	662,882	417,287	275,599	318,850	316,234	416,138
Taxes, remuneration and social security`45`	488,034	882,690	804,814	585,579	550,814	568,514	475,598	780,645	747,197	412,197	680,505	472,968	331,842	216,548	148,618	90,292	37,589	127,673	134,856
Taxes`450/3`	107,084	175,981	210,597	100,754	95,884	212,178	78,141	158,602	275,198	55,540	242,782	121,671	107,619	31,652	10,807	29,578	19,000	25,774	37,073
Remuneration and social security`454/9`	380,950	706,709	594,217	484,825	454,930	356,336	397,458	622,043	471,998	356,657	437,723	351,297	224,223	184,896	137,811	60,714	18,588	101,899	97,783
Other amounts payable`47/48`	-	-	0	163,000	225,000	-	-	-	100,000	-	157,763	153,812	150,000	25,000	40,000	15,000	225	997	997
Accrued charges and deferred income`492/3`	-	-	-	0	41,412	9,806	11,363	62,952	47,793	18,382	24,903	35,284	29,617	19,651	25,401	61,185	4,400	-	-
Income statement
Operating income`70/76A`	13.1m	12.8m	13.1m	10.9m	11.2m	10.5m	9.8m	10.7m	-	-	-	-	-	-	-	-	-	-	-
Turnover`70`	13.0m	12.7m	13.0m	10.7m	11.0m	10.4m	9.3m	10.7m	9.5m	-	7.5m	-	-	-	-	-	-	-	-
Own construction capitalised`72`	48,640	81,352	124,593	179,983	105,072	130,425	487,001	-	-	-	-	-	-	-	-	-	-	-	-
Other operating income`74`	8,047	7,249	9,680	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-recurring operating income`76A`	-	-	-	-	-	-	700	-	-	-	-	7,578	60,000	653	-	159,217	-	-	-
Gross operating margin`9900`	-	-	-	-	-	-	-	-	4.0m	3.2m	3.1m	2.2m	1.6m	964,080	892,985	680,304	966,684	1.1m	992,565
Operating charges`60/66A`	12.9m	13.5m	13.1m	10.8m	10.7m	10.1m	9.5m	10.4m	-	-	-	-	-	-	-	-	-	-	-
Goods, raw materials, services and sundry goods`60/61`	-	-	-	-	-	-	-	-	5.5m	-	4.3m	-	-	-	-	-	-	-	-
Goods for resale, raw materials and consumables`60`	6.6m	6.5m	6.6m	4.8m	5.0m	4.8m	4.1m	4.9m	-	-	-	-	-	-	-	-	-	-	-
Purchases`600/8`	6.6m	6.5m	6.6m	4.8m	5.0m	4.8m	4.1m	4.9m	-	-	-	-	-	-	-	-	-	-	-
Services and other goods`61`	1.5m	1.7m	1.5m	1.4m	1.1m	1.1m	1.3m	1.2m	-	-	-	-	-	-	-	-	-	-	-
Remuneration, social security and pensions`62`	4.6m	5.1m	4.7m	4.2m	4.2m	3.8m	3.8m	4.0m	3.5m	2.9m	2.6m	2.0m	1.4m	904,702	781,600	1.0m	990,050	1.0m	938,052
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	192,012	209,103	204,899	390,211	421,442	351,038	231,799	175,283	122,556	89,992	64,152	50,821	22,055	12,138	8,313	12,152	11,226	13,548	9,593
Other operating charges`640/8`	0	207	295	70	82	-	-	-	-	-	-	868	868	667	1,212	1,116	965	455	3,308
Non-recurring operating charges`66A`	-	-	-	-	-	-	-	-	-	15,000	-	-	70,000	517	60	2,513	-	4,348	478
Operating profit (loss)`9901`	182,912	-770,505	62,266	32,948	407,224	388,146	263,914	374,752	409,429	227,385	431,119	154,385	136,447	46,572	101,861	-354,608	-35,557	33,303	41,612
Financial income`75/76B`	264	2,575	6,775	583	0	188	-	32	3,124	3	151	109	996	74	2,268	0	1,453	489	17,809
Recurring financial income`75`	264	2,575	6,775	583	0	188	-	32	3,124	3	151	109	996	74	2,268	0	1,453	489	17,809
Income from financial fixed assets`750`	-	-	-	-	-	-	-	32	-	-	-	-	-	-	-	-	-	-	-
Other financial income`752/9`	264	2,575	6,775	583	0	188	-	-	-	-	-	-	-	-	-	-	-	-	-
Financial charges`65/66B`	87,905	59,181	33,590	25,493	30,414	30,781	28,596	21,744	18,043	13,886	12,151	7,598	3,086	6,884	8,419	11,284	11,293	11,183	1,599
Recurring financial charges`65`	87,905	59,181	33,590	25,493	30,414	30,781	28,596	21,744	18,043	13,886	12,151	7,598	3,086	6,884	8,419	11,284	11,293	11,183	1,599
Debt charges`650`	71,124	50,699	26,528	17,772	24,464	25,667	28,596	21,744	-	-	-	-	-	-	-	-	-	-	-
Other financial charges`652/9`	16,782	8,482	7,062	7,721	5,950	5,114	-	-	-	-	-	-	-	-	-	-	-	-	-
Profit (loss) for the period before taxes`9903`	95,271	-827,111	35,452	8,038	376,810	357,553	235,318	353,040	394,510	198,502	419,118	154,474	124,356	39,898	95,649	-209,188	-45,396	18,261	57,344
Income taxes`67/77`	10,677	11,917	81,273	79,660	155,691	176,817	154,288	184,506	182,052	105,542	178,892	78,918	62,824	6,854	-	-	-3,004	51,008	7,734
Taxes`670/3`	10,677	11,917	81,273	79,660	155,691	176,817	154,288	184,506	-	-	-	-	-	-	-	-	-	-	-
Profit (loss) for the period`9904`	84,594	-839,028	-45,821	-71,622	221,118	180,736	81,030	168,534	212,458	92,960	240,227	75,556	61,532	33,045	95,649	-209,188	-42,392	-32,747	49,610
Profit (loss) for the period to be appropriated`9905`	84,594	-839,028	-45,821	-71,622	221,118	180,736	81,030	168,534	212,458	92,960	240,227	75,556	61,532	33,045	95,649	-209,188	-42,392	-32,747	49,610
Appropriation of the result
Profit (loss) to be appropriated`9906`	239,313	154,719	993,746	1.0m	1.1m	927,536	746,800	665,770	597,236	384,779	366,819	176,592	176,036	114,368	81,323	-14,326	194,862	237,254	270,001
Profit (loss) brought forward from the previous period`14P`	154,719	993,746	1.0m	1.1m	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Transfer from equity`791/2`	-	-	-	-	187,535	-	-	-	-	-	-	-	-	-	-	-	-	-	-
From reserves`792`	-	-	-	-	187,535	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Profit to be distributed`694/7`	-	-	-	0	225,000	-	-	-	100,000	-	75,000	50,000	75,000	-	-	-	-	-	-
Return on contributions (dividend)`694`	-	-	-	0	225,000	-	-	-	100,000	-	75,000	50,000	75,000	-	-	-	-	-	-
Social balance sheet
Average staff (FTE)`9087`	57	61.7	59.6	54.9	53.9	55.6	60.8	60.1	50.9	46.2	45.2	31.1	22.8	14.9	11.5	15.1	15.4	15.2	12.8
Men (FTE)`1003`	29.9	34.7	31.3	30.7	32	29.1	32.4	31.2	-	-	-	-	-	-	-	-	-	-	-
Women (FTE)`1003`	27.1	27	28.3	24.2	21.9	26.5	28.4	28.9	-	-	-	-	-	-	-	-	-	-	-
Hours worked`1013`	90,466	102,661	95,093	88,226	91,060	90,096	94,316	96,543	86,714	79,216	72,044	52,980	38,027	23,496	17,960	23,444	23,095	23,048	21,068
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Financial year	Type	Filed	Reference	Document
30-06-2025	full format	17-12-2025	2025-00584195	PDF
30-06-2024	full format	29-12-2024	2025-00630966	PDF
30-06-2023	full format	25-01-2024	2024-00006274	PDF
30-06-2022	full format	26-01-2023	2023-00004320	PDF
30-06-2021	full format	07-01-2022	2022-00500534	PDF
30-06-2020	full format	29-01-2021	2021-03500204	PDF
30-06-2019	full format	23-12-2019	2019-77400003	PDF
30-06-2018	full format	19-12-2018	2018-75000257	PDF
30-06-2017	abbreviated format	13-12-2017	2017-71700305	PDF
30-06-2016	abbreviated format	09-01-2017	2017-00700252	PDF
30-06-2015	abbreviated format	23-12-2015	2015-70300336	PDF
30-06-2014	abbreviated format	23-12-2014	2014-70500115	PDF
30-06-2013	abbreviated format	28-02-2014	2014-05500414	PDF
30-06-2012	abbreviated format	22-02-2013	2013-05000224	PDF
30-06-2011	abbreviated format	14-02-2012	2012-03400044	PDF
30-06-2010	abbreviated format	04-02-2011	2011-02500552	PDF
30-06-2009	abbreviated format	16-12-2009	2009-88800391	PDF
30-06-2008	abbreviated format	17-12-2008	2008-85600072	PDF
30-06-2007	abbreviated format	13-02-2008	2008-04200155	PDF
30-06-2006	abbreviated format	08-01-2007	2007-00404170	PDF
30-06-2005	abbreviated format	29-03-2006	2006-09002772	PDF
30-06-2004	abbreviated format	17-01-2005	2005-01803509	PDF
30-06-2003	abbreviated format	23-12-2003	2003-85202551	PDF
30-06-2002	abbreviated format	30-01-2003	2003-03102176	PDF
30-09-2000	abbreviated format	08-01-2001	2001-00603641	PDF
30-09-1999	abbreviated format	10-04-2000	2000-09501659	PDF
30-09-1998	abbreviated format	30-04-1999	1999-08800229	PDF
30-09-1997	abbreviated format	08-12-1998	1998-60703147	PDF
30-09-1996	abbreviated format	29-04-1997	1997-06504889	PDF

Year	Entries	Awarded	Paid
2025	1	€152	€152
2024	1	€3,744	€3,744
2023	2	€2,695	€2,833
2022	1	€4,728	€4,590

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
EBITDA	374,924	-561,401	267,165	423,159	828,666	739,184	495,713	550,035	531,985	317,377	495,270	205,206	158,502	58,710	110,174	-342,456	-24,331	46,851	51,205
Cash flow	276,606	-629,924	159,077	318,589	642,560	531,774	312,829	343,817	335,014	182,952	304,379	126,377	83,587	45,183	103,962	-197,036	-31,166	-19,199	59,203
Investment in fixed assets	68,395	166,499	187,001	261,696	303,588	314,999	527,202	97,005	495,151	207,437	56,868	80,101	78,917	20,509	5,646	6,242	12,402	1,667	31,139
Change in cash	-236,599	214,207	-16,813	-367,166	355,831	-551,829	512,954	205,647	232,427	-334,369	266,658	161,926	-38,239	20,060	19,761	-31,740	-28,384	19,439	-
Working capital	220,163	11,952	847,527	657,536	812,620	383,763	65,938	324,231	76,018	347,270	324,062	161,933	159,990	220,217	201,021	138,489	284,981	352,836	345,016
EBIT margin	1.4%	-6.1%	0.5%	0.3%	3.7%	3.7%	2.8%	3.5%	4.3%	-	5.8%	-	-	-	-	-	-	-	-
Solvency	11.2%	8.5%	26.4%	30.4%	30.8%	28.2%	21.0%	20.8%	18.2%	21.5%	18.1%	12.7%	14.3%	19.8%	23.5%	17.1%	44.1%	38.6%	41.0%
Current ratio	1.06	1.00	1.26	1.23	1.29	1.15	1.02	1.11	1.03	1.20	1.18	1.10	1.13	1.24	1.33	1.33	1.74	1.67	1.63
Debt to equity	7.91	10.74	2.78	2.29	2.25	2.55	3.77	3.80	4.49	3.65	4.52	6.86	5.98	4.06	3.25	4.85	1.27	1.59	1.44
ROE	19.6%	-242.2%	-3.9%	-5.8%	17.0%	17.4%	9.4%	21.6%	34.8%	18.7%	59.3%	31.5%	28.7%	14.5%	49.2%	-211.7%	-13.8%	-9.3%	12.9%
ROA	2.2%	-20.6%	-1.0%	-1.8%	5.2%	4.9%	2.0%	4.5%	6.3%	4.0%	10.7%	4.0%	4.1%	2.9%	11.6%	-36.2%	-6.1%	-3.6%	5.3%
Interest coverage	5.27	-11.07	10.07	23.81	33.87	28.80	17.33	25.30	-	-	-	-	-	-	-	-	-	-	-
Customer credit	84 days	86 days	100 days	95 days	89 days	84 days	87 days	91 days	93 days	-	83 days	-	-	-	-	-	-	-	-
Supplier credit	70 days	61 days	76 days	65 days	60 days	45 days	80 days	58 days	59 days	-	71 days	-	-	-	-	-	-	-	-

Item	30-06-2025	30-06-2024	30-06-2023	30-06-2022
Employees at the balance-sheet date	56	61	63	59
full-time	46	49	55	51
part-time	10	12	8	8
in full-time equivalents	53.9	58.6	61	57.2
Average over the year, in full-time equivalents	57	61.7	59.6	54.9
On a permanent contract	56	61	63	58
Joined	20	23	30	23
Left	25	25	26	20
Training hours	1,216	292	1,612	1,624

THREON

Annual accounts 2025

Money flows

Balance sheet

Change in equityin euro

Change in cashin euro

Position in the sector

Solvency11.2%

Current ratio1.06

Return on assets2.2%

Staff

Men and women48% women

Staff cost per FTE€80,706

Joined and left-5

Filed annual accounts

Filings

Subsidies and aid

Flemish government 2022 to 2025, 5 entries, €11,319 awarded, €11,319 paid

Key figures and ratios

Social balance sheet

Securities and guarantees

Investments

Auditor

Public contracts

Insights on THREON

Next steps

Item	30-06-2025	30-06-2024	30-06-2023	30-06-2022
Debts secured on the company's own assets	€1.4m	€1.5m	€768,572	-
Pledge on the business	€1.5m	€1.5m	€1.5m	-
Mandates to pledge the business	€875,000	€875,000	€875,000	-
Pledge on other assets, amount secured	€1.6m	-	-	-
Carrying value of the other pledged assets	€1.6m	-	-	-

Item	30-06-2025	30-06-2024	30-06-2023	30-06-2022
Tangible fixed assets	€19,755	€85,147	€62,408	€81,713
Intangible fixed assets	€48,640	€81,352	€124,593	€179,983
Depreciation and write-downs of the year	€192,012	€209,103	€204,899	€390,211